Video Shows Enron Execs Joking About Flaky Accounting | AccountingWEB

Video Shows Enron Execs Joking About Flaky Accounting

The Houston Chronicle has uncovered a home video of a farewell roast for departing Enron former president Rich Kinder in which many Enron executives, all of whom are under federal investigation now, say their heartfelt and sometimes humorous farewells to Mr. Kinder.

Included on the video is a skit in which Jeff Skilling, playing himself, jokes about ways in which Enron can "add a kazillion dollars to the bottom line" by exchanging the mark to market form of accounting for a new form of accounting called he calls HFV, or "hypothetical future value accounting."

Former President George Bush and then-Texas Governor George W. Bush appear on the video. George W. Bush, who enjoyed the support of Enron during his campaign for governor, is seen saying "Don't leave Texas. You're too good a man."

Federal government investigators have subpoenaed the tape in conjunction with their investigation into Enron. Former Enron administrative executive Peggy Menchaca, who played the part of Mr. Kinder in the skit with Mr. Skilling, commented that she couldn't believe the media and investigators were so interested in the tape. She said that the video was meant to be tongue in cheek.

You can read the Houston Chronicle's article and follow a link within the article to view the entire video.

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